The central accounting association held its annual public

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Problem 22-28A Analyzing not-for-profit entity variances

The Central Accounting Association held its annual public relations luncheon in April 2008. Based on the previous year's results, the organization allocated $21,150 of its operating budget to cover the cost of the luncheon. To ensure that costs would be appropriately controlled, Leigh Dilworth, the treasurer,

prepared the following budget for the 2008 luncheon.The budget for the luncheon was based on the following expectations.

1. The meal cost per person was expected to be $11.80. The cost driver for meals was attendance, which was expected to be 1,400 individuals.

2. Postage was based on $0.37 per invitation and 3,000 invitations were expected to be mailed. The cost driver for postage was number of invitations mailed.

3. The facility charge is $1,000 for a room that will accommodate up to 1,600 people; the charge for one to hold more than 1,600 people is $1,500.

4. A fixed amount was designated for printing, decorations, the speaker's gift, and publicity.

Reference no: EM13572284

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